scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 3,000
The case of the Lockheed Incident is one which deals with bribery and kickbacks between corporations to officials and political figures in return for contracts a type of figurative grease machine The Lockheed Corporation which is what this essay will concentrate on was scrutinized during the 1970s for its questionable practices in going about getting aerospace contracts They were seeking favor through financial inducements 1 Their practices became public when the Northrup case broke and the Subcommittee on Multinational Corporations began a huge investigation which resulted in the arrests of the major players and downfall of the company Another angle of what crime was committed may be that this corporation was not only corruption against foreign companies but to American ones as well These contracts were diverted from companies with more superior products such as the McDonell Douglas Corporation which affected the stockholders of the firm and the military capabilities with inferior planes such as the Starfighter On the other front the participants from foreign countries were charged with violations of the foreign exchange laws President Carter signed a bill in 1977 which tried to stop corporate bribery by giving a jail sentence and a fine to the company for those who were found guilty This particular case was considered cresive or emergent and was a crime by the corporation Jack Northrup and the Lockheed brothers began Lockheed in the early 20th century They began it as a legitimate enterprise but along the way competition put strain on legitimate means of making capital Daniel Haughton the former chairman provided his stance If you are going to win it is necessary especially in such a highly competitive business as selling planes This pattern of capital expropriation is a little different then some of the previous cases studied In this case bribery is used to expropriate capital but it is not stealing because in return for contracts the buyers are given aircrafts weapons etc The
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA